. >> they've checked into this hotel under a fictitious name, cb and associates. to prevent a run on the bank, they don't want anyone to know who they are or why they're here. >> you all know that this is for the closing of heritage community bank. >> cheryl bates and arthur cook are in charge of the operation that has been given the code name "happy." strange, considering what they're about to do. >> do not discuss outside of this room what is going on, what we're here for. >> they're here to seize all five branches of heritage community bank, a 40-year-old illinois bank providing savings, student loans, mortgages, and checking. but like so many others recently, heritage made ruinous bets on real estate. sheila bair is chairman of the f.d.i.c. i wonder if you have a number in mind of how much the f.d.i.c. is prepared to pay for bank failures in 2009. >> well, we make a five-year projection that for the next five years we project that we'll lose $65 billion on bank closings. >> $65 billion? >> $65 billion. >> some of that was about to be spent on the immanent fail